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Sanjuro Corporation (A Calendar-Year Corporation)purchased and Placed in Service the Following

Question 49

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Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2014: Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2014:   All assets are used 100% for business use.The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000.The corporation has $3,000,000 income from operations before calculating depreciation deductions.Sanjuro Corporation made whatever elections were necessary to maximize its overall depreciation deduction for 2014. What is Sanjuro Corporation's maximum deduction for cost recovery for the automobile for 2016? A) $1,875 B) $2,950 C) $3,050 D) $5,100 All assets are used 100% for business use.The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000.The corporation has $3,000,000 income from operations before calculating depreciation deductions.Sanjuro Corporation made whatever elections were necessary to maximize its overall depreciation deduction for 2014.
What is Sanjuro Corporation's maximum deduction for cost recovery for the automobile for 2016?


A) $1,875
B) $2,950
C) $3,050
D) $5,100

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